Türkiye Century Investment Receptions Convenes in Kuwait

​​The 13th edition of the "Türkiye Century Investment Receptions", co-hosted by the Turkish Embassy in Kuwait and the Investment Office, convened in Kuwait on October 17, commemorating the 100th anniversary of the Republic of Türkiye.

Gathering prominent figures of the business communities from both Kuwait and Türkiye, including Vice Chairman of the Union of Investment Companies Saleh Al-Salmi, the event provided a platform to explore bilateral relations and investment opportunities in both countries.

During her address, Turkish Ambassador Tuba Nur Sönmez highlighted the excellent commercial ties between the two countries under the guidance of President Recep Tayyip Erdoğan and Amir Sheikh Nawaf Al-Ahmad Al-Jaber Al-Sabah. “I believe both Türkiye and Kuwait stand at a critical juncture as they look to future directions for their respective economies in the face of ever-changing global dynamics and never-ending geopolitical challenges," Ambassador Sönmez stated.

As Kuwait is set on a transformative journey with Vision 2035, aimed at establishing Kuwait as a regional investment powerhouse, with a developed and sustainable economy, Ambassador Sönmez believes that bilateral investments between the two countries can contribute to these ambitious visions. She emphasized the potential for sustainable projects that would create new jobs, develop new infrastructure, and boost productivity by sharing new technologies and skills. She noted, “We see that the value of Kuwaiti investments in Türkiye has reached USD 2 billion and is mainly concentrated in finance and real estate."

For his part, Investment Office President A. Burak Dağlıoğlu highlighted the record-breaking bilateral trade volume between Türkiye and Kuwait, reaching USD 2 billion in 2022, while Türkiye is reinforcing its important place for regional and international consumers. Located at the nexus of Europe, Africa, and the Middle East, Türkiye offers qualitative services in infrastructure, logistics, and technology, without omitting investor-friendly reforms undertaken by the government. Dağlıoğlu also expressed the commitment to further increase bilateral investments, inviting Kuwaiti investors to participate in Türkiye's journey towards becoming one of the world's top 10 economies under the leadership of President Recep Tayyip Erdoğan.

Previous editions of the Türkiye Century Investment Receptions took place in renowned cities including London, Paris, Milan, Vienna, Beijing, Singapore, Kuala Lumpur, Tokyo, Seoul, Washington, New York, and Abu Dhabi.
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Türkiye Century Investment Receptions; Türkiye; Kuwait; 100th anniversary of the Republic of Türkiye